GIYANI GOLD CORPORATION - Giyani signs amended agreement

Giyani signs amended agreement

Giyani Gold Corporation
 (Incorporated and registered in Canada)
(Registration number BC-C0887454)
Share code on the TSXV: WDG
Share code on the JSE: GIY         ISIN: CA37636L1076
(“Giyani Gold” or “the Company”)

Giyani Signs Amended Agreement to Acquire Horizon and Sumo

Oakville, Ontario, November 3, 2014 - Giyani Gold Corp. (TSXV: WDG, JSE: GIY) ("Giyani")
announces that further to its news release dated September 19, 2014, Giyani and the
Shareholders of Horizon Enerji A.S.(“Horizon”) and Sumo Coal (Pty) Ltd.(“Sumo”) have
amended a binding letter of intent agreement (the “Amended Agreement”) to expire on
December 31, 2014, with the parties working towards executing a definitive agreement on or
before this date.

The Amended Agreement outlines the general terms and conditions of a proposed transaction
pursuant to which Giyani would acquire all the issued and outstanding securities of Horizon and
Sumo by means of a business combination or other form of transaction. Giyani continues to
work on concluding a transaction with Sumo on an exclusive basis. To facilitate funding options,
including vendor-backed financing, Giyani is working with Horizon on a non-exclusive basis.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.

On behalf of the Board of Directors of Giyani Gold Corp.
(signed) "Duane Parnham"
Duane Parnham, Executive Chairman

For further information:
Investor Contact
Luke Vigeant, Head of Communications
Giyani Gold Corp.
Tel: 1.905.844.1456 X237
Email: lvigeant@giyanigold.com

Forward Looking Statements
This news release contains certain statements that may be deemed "forward-looking
statements". Forward-looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur. Although Giyani believes the
expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may
differ materially from those in forward-looking statements. Forward-looking statements are
based on the beliefs, estimates and opinions of Giyani's management on the date the
statements are made. Except as required by law, Giyani undertakes no obligation to update
these forward-looking statements in the event that management's beliefs, estimates or opinions,
or other factors, should change.


4 November 2014



Sponsor

Sasfin Capital (a division of Sasfin Bank Limited)

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